Royal Dutch Shell announced on Wednesday plans to cut up to 9,000 jobs, or over 10% of its workforce, as part of a major overhaul to shift the oil and gas giant to low-carbon energy. Shell, which had 83,000 employees at the end of 2019, said that the reorganisation will lead to additional annual savings […]
Month: October 2020
Govt cuts natural gas price by 25% to lowest on record
Natural gas price in India touched the lowest rate on record after the government on Wednesday slashed the price by 25 per cent to USD 1.79, denting revenues of producers like ONGC. The price of gas, which is used to generate electricity, make fertiliser and CNG for automobiles, has been cut to USD 1.79 per […]
No more ‘Ladies and Gentlemen’ on Japan Airlines
Japan Airlines said it would retire the phrase “ladies and gentlemen” from in-flight announcements made in English, a symbolic step toward inclusivity in a country where activists have long fought to change entrenched gender traditions. Announcements in Japanese would remain unchanged because gender-specific greetings are not used in the first place. The announcement Monday appeared […]
US Treasury says brokered loan deal with seven airlines amid crisis
The US Treasury on Tuesday announced it had reached a deal with seven major US airlines including American and United to offer them loans in a bid to stave off job cuts amid the coronavirus crisis. But the Treasury statement does not say if these agreements are going to be enough to allow those two […]
An exclusive airport train could chug into KIA by March 2021
A dedicated airport train exclusively for air passengers could become a reality by March 2021. Electrification of the railway line linking the new halt station at Kempegowda International Airport with the city will enable this, making it a potential game-changer. Ready to be commissioned within the next few weeks, the KIA halt station will initially […]
Dissatisfied BBMP administrator Gaurav Gupta asks roadworks division to speed up projects
Nineteen days after taking charge, BBMP administrator Gaurav Gupta was unhappy over the shoddy work by the Road infrastructure Division. The administrator who inspected various city projects found that the road division had failed to fill potholes, besides leaving debris on major roads and leaving footpaths in a state of disrepair. During a review meeting […]
Eight-lane Okalipuram corridor will take another year to be completed
BBMP administrator Gaurav Gupta and commissioner N Manjunatha Prasad have directed officials to complete the eight-lane Okalipuram Junction-Fountain Circle corridor at the earliest. Accompanied by BBMP planning section officials, Gupta and Prasad inspected the pending works of the three underpasses on Monday and held discussions with the railway officials. In 2014, the BBMP joined forces […]
Crude oil prices hold steady on hopes for US stimulus agreement
MELBOURNE (Reuters) – Oil prices were little changed in early trade on Thursday after U.S. lawmakers postponed a vote on a $2.2 trillion coronavirus relief package in hopes of reaching a bipartisan deal, while rising infections fuelled demand fears. U.S. West Texas Intermediate (WTI) crude futures slipped 1 cent to $40.21 a barrel at 0146 […]
No govt has the right to mine coal in eco-sensitive zones, observes SC
The Supreme Court on Wednesday observed that if an area falls under eco sensitive zone then neither the Centre nor the state government will have the right to mine it. The remark was made by the top court which was hearing Jharkhand government’s pleas challenging the Centre’s decision to auction coal blocks for commercial mining. […]
In a setback to ONGC, OIL, prices of domestic natural gas slashed by 25%
In a huge setback to producers like Oil and Natural Gas Corporation (ONGC) and Oil India (OIL), the central government on Wednesday cut the price of domestic natural gas to $1.79 per million metric British thermal unit (mmBtu) for the October-March period of the current financial year, down 25 per cent from $2.39 per mmBtu […]
BPCL tanks 6% as govt extends deadline to submit EoI to November 16
Shares of Bharat Petroleum Corporation Limited (BPCL) slipped 6 per cent to Rs 363 on the BSE in the intra-day trade on Wednesday after the government extended the deadline to submit expression of interest (EoI) for the company’s privatisation to November 16, 2020. The government on March 7, 2020, had issued a Preliminary Information Memorandum […]
BPCL privatisation: EOI deadline extended again; this time till Nov 16
The government has decided to extend the deadline for bidding for the privatisation of Bharat Petroleum Corporation (BPCL) for the fourth time in a row from September 30 to November 16, following requests from interested parties citing the pandemic situation. The Department of Investment and Public Asset Management (DIPAM) said in a notification that ‘in […]